"We are seeing massive cuts in output from countries outside the OPEC+ agreement and faster than expected," the International Energy Agency said in a report on Thursday. The report also said "the gradual relaxation of restrictions on movement is helping demand."
"We are in uncharted territory," Al Jaber said, referring to the global economic collapse caused by the coronavirus pandemic. "We have never before experienced a time when the level of economic activity has dropped off this far and this fast." Al Jaber also said ADNOC is in a stronger and better position to manage current market dynamics than before, having undergone significant transformation in recent years to reduce costs.
mhmdnet1
I think the reserves and the processing and the imported oil with the domestic oil and the demand , leave a very complicated equation no one can figure out.
We gonna see how oil becomes Rubbish, on the middle and long term
Forcing everyone to re-open to re-balance oil prices.
This is Cushing, OK were most of the US oil is stored. 50 miles east of cityoftulsagov
این خبر را خلاصه کرده ایم تا بتوانید سریع آن را بخوانید. اگر به خبر علاقه مند هستید، می توانید متن کامل را اینجا بخوانید. ادامه مطلب:
ایران آخرین اخبار, ایران سرفصلها
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Oil trader bought 250,000 barrels of oil during plunge below zero - Business InsiderThe Commodity Futures Trading Commission warned on Wednesday that the West Texas Intermediate for delivery in June could also turn negative. Where did they store it? Make them take possession of the oil now and store it.
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BCG CEO on how the pandemic will impact the consulting industry - Business InsiderRich Lesser says firms need to think about how they can achieve the same level of efficiency working with clients remotely. I always wondered if Actuaries could play a role outside of the insurance industry.
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Stocks Slump, 36 Million Jobs Lost, Vaccine in 2021?, AbbVie CEO by Squawk on the StreetSquawkStreet carlquintanilla jimcramer davidfaber But the cure still isn’t worse then the disease right? SquawkStreet carlquintanilla jimcramer davidfaber Anyone who says we will have it by end of year is either truly delusional or truly a liar. Take your pick. SquawkStreet carlquintanilla jimcramer davidfaber This under Trump administration. 36 million unemployed
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A resurgence of coronavirus cases will have 'major consequences' for the oil market, IEA warnsIt comes after what the IEA Executive Director Fatih Birol described as 'Black April.' Be ready, the way the U.S. is acting, we will have a second wave for sure.
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